Untitled Document Letter of Credit The Documentary Letter of Credit known as LC or DLC is a written undertaking given by a bank to the seller (beneficiary). The Letter of Credits or Documentary Credit is a technique for financing International trade by which a bank (issuing bank) takes the irrevocable commitment, at the request and for the account of its client (applicant), to pay the exporter (beneficiary) against the handing-over of various documents complying with the terms of the credit, proving forwarding and the nature of the goods stipulated in the pro-forma invoice or commercial contract within a set time limit.
The beneficiary of Letter of Credit may also obtain from their bank a credit line or packing credit to mobilize their export and their bank will receive the advance funding from the proceeds of Letter of Credit once they negotiate it.
Bronze Wing Trading L.L.C. provides Irrevocable, transferrable Letter of Credit at Sight or Deferred Payment for importers who do not have cash flow or bank facilities to run their business.
Contact Us to avail LC facility from Bronze Wing Trading L.L.C.
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